Market Overview:
The global guitar strings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for electric guitars and acoustic guitars, and rising disposable income of consumers. In terms of type, the light guitar strings segment is expected to dominate the global guitar strings market during the forecast period, owing to its low string tension and easy bending properties. However, custom light guitar strings are also gaining popularity among consumers due to their ability to provide a unique sound experience.
Product Definition:
Guitar strings are the metal wires that are stretched across the guitar's neck. They produce the sound when plucked and are important for changing the pitch of notes.
Light:
Light is the vibration of high tension wire. It's a source of energy that flows through the strings and amplifies sound. The light helps to increase vibrations in order to create more sound from string instrument like guitar, mandolin, banjo, ukulele and others.
Guitar strings made up of steel core with coated or uncoated nylon fibers wrapped around it in various patterns for different sounds.
Custom Light:
Custom light is a new term in the market and it means customized lighting system for guitars. It can be used as a regular string or in combination with other lights to make unique designs on the guitar body, neck, and headstock. The product was developed by East JORDAN Music Products (EJMP) which is an American company dealing in musical instruments mainly electric guitars & basses.
Application Insights:
Electric guitar strings accounted for the largest share in 2017 and is anticipated to maintain its dominance over the forecast period. The electric guitar has been one of the most popular instruments across various genres, including rock, metal, punk, blues and jazz. Electric guitars are usually equipped with a built-in pickup that converts string vibrations into electrical signals so that they can be processed and played through an amplifier system.
The acoustic guitar is gaining popularity as a musical instrument owing to its intimate sound quality compared to an electric guitar. Acoustic guitars are usually equipped with nylon strings which produce less volume when compared to their steel counterparts when played at the same intensity level.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The U.S., as a leading electric guitar manufacturer, has been witnessing high demand for light gauge strings since last few years. Moreover, the region is home to several other manufacturers such as Fender Musical Instruments; Gibson Brands Inc.; and Ibanez guitars which have also been experiencing strong demand from players across the globe for their premium products and services.
Asia Pacific is expected to be one of the fastest-growing markets over the forecast period owing to rising number of acoustic guitar players across countries like India and China who prefer these instruments due to its authentic sound compared to electronic ones. Furthermore, increasing disposable income coupled with growing popularity for western music among youth in developing countries will drive growth further during this period.
Growth Factors:
- Increasing demand for electric guitars
- Rising popularity of rock and heavy metal music
- Growing number of music schools and academies
- Proliferation of online music platforms and channels
- Advances in string manufacturing technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Guitar Strings Market Research Report
By Type
Light, Custom Light, Extra Light
By Application
Electric Guitar Strings, Acoustic Guitar Strings
By Companies
D'Addario, Ernie Ball, Martin, Fender, Gibson, GHS, Elixir, Rorosound, DR Strings, Dean Markley, Everly, Augustine, Dunlop
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Guitar Strings Market Report Segments:
The global Guitar Strings market is segmented on the basis of:
Types
Light, Custom Light, Extra Light
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electric Guitar Strings, Acoustic Guitar Strings
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- D'Addario
- Ernie Ball
- Martin
- Fender
- Gibson
- GHS
- Elixir
- Rorosound
- DR Strings
- Dean Markley
- Everly
- Augustine
- Dunlop
Highlights of The Guitar Strings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Light
- Custom Light
- Extra Light
- By Application:
- Electric Guitar Strings
- Acoustic Guitar Strings
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Guitar Strings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Guitar strings are made of metal and nylon. The metal is usually a bronze or steel, while the nylon is often synthetic. Guitar strings are tuned to specific notes in order to create music.
Some of the key players operating in the guitar strings market are D'Addario, Ernie Ball, Martin, Fender, Gibson, GHS, Elixir, Rorosound, DR Strings, Dean Markley, Everly, Augustine, Dunlop.
The guitar strings market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Guitar Strings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Guitar Strings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Guitar Strings Market - Supply Chain
4.5. Global Guitar Strings Market Forecast
4.5.1. Guitar Strings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Guitar Strings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Guitar Strings Market Absolute $ Opportunity
5. Global Guitar Strings Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Guitar Strings Market Size and Volume Forecast by Type
5.3.1. Light
5.3.2. Custom Light
5.3.3. Extra Light
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Guitar Strings Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Guitar Strings Market Size and Volume Forecast by Application
6.3.1. Electric Guitar Strings
6.3.2. Acoustic Guitar Strings
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Guitar Strings Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Guitar Strings Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Guitar Strings Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Guitar Strings Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Guitar Strings Demand Share Forecast, 2019-2026
9. North America Guitar Strings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Guitar Strings Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Guitar Strings Market Size and Volume Forecast by Application
9.4.1. Electric Guitar Strings
9.4.2. Acoustic Guitar Strings
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Guitar Strings Market Size and Volume Forecast by Type
9.7.1. Light
9.7.2. Custom Light
9.7.3. Extra Light
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Guitar Strings Demand Share Forecast, 2019-2026
10. Latin America Guitar Strings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Guitar Strings Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Guitar Strings Market Size and Volume Forecast by Application
10.4.1. Electric Guitar Strings
10.4.2. Acoustic Guitar Strings
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Guitar Strings Market Size and Volume Forecast by Type
10.7.1. Light
10.7.2. Custom Light
10.7.3. Extra Light
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Guitar Strings Demand Share Forecast, 2019-2026
11. Europe Guitar Strings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Guitar Strings Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Guitar Strings Market Size and Volume Forecast by Application
11.4.1. Electric Guitar Strings
11.4.2. Acoustic Guitar Strings
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Guitar Strings Market Size and Volume Forecast by Type
11.7.1. Light
11.7.2. Custom Light
11.7.3. Extra Light
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Guitar Strings Demand Share, 2019-2026
12. Asia Pacific Guitar Strings Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Guitar Strings Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Guitar Strings Market Size and Volume Forecast by Application
12.4.1. Electric Guitar Strings
12.4.2. Acoustic Guitar Strings
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Guitar Strings Market Size and Volume Forecast by Type
12.7.1. Light
12.7.2. Custom Light
12.7.3. Extra Light
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Guitar Strings Demand Share, 2019-2026
13. Middle East & Africa Guitar Strings Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Guitar Strings Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Guitar Strings Market Size and Volume Forecast by Application
13.4.1. Electric Guitar Strings
13.4.2. Acoustic Guitar Strings
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Guitar Strings Market Size and Volume Forecast by Type
13.7.1. Light
13.7.2. Custom Light
13.7.3. Extra Light
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Guitar Strings Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Guitar Strings Market: Market Share Analysis
14.2. Guitar Strings Distributors and Customers
14.3. Guitar Strings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. D'Addario
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ernie Ball
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Martin
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fender
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Gibson
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. GHS
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Elixir
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Rorosound
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. DR Strings
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Dean Markley
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Everly
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Augustine
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Dunlop
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
